Job Description
ASSOCIATE LEVEL 1 (JOB NUMBER: HFS000068)
Job Title:
Associate Level1
Date:
Department:
IFSO
Location:
Mumbai
Business Line / Function:
HFS
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
Position Purpose
Independent delivery of accurate and timely NAVs for hedge funds.
Responsibilities
Direct Responsibilities
Independent delivery of accurate and timely NAVs for hedge funds – with higher volume and complexity (having equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
Income reconciliation (dividends and interest)
Manual Pricing and Pricing review
P&L review and Tolerance checks
Fees accrual, management and performance fee calculation and booking
Capital bookings and reconciliation with Investor services system reports
TB tie out and compiling NAV pack
Contributing Responsibilities
Delivery on audit requests and resolution of all queries on a timely basis
Participation in system development projects, process change projects, etc.
Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings
Compliance with all internal organizational and business policies
Technical & Behavioral Competencies
Hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).
Good understanding and ability to apply basic accounting principles.
Should have working knowledge of asset classes like equities, bonds, futures, options and swaps.
Experience on Advent Geneva system would be preferred – an added advantage.
Decent experience on Microsoft Excel – Pivots, financial functions, etc.
Specific Qualifications (if required)
Graduation/Post Graduation
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Communication skills - oral & written
Adaptability
Ability to collaborate / Teamwork
Active listening
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to inspire others & generate people's commitment
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 1 year
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 1 year
Schedule
: Full-time
Job Title:
Associate Level1
Date:
Department:
IFSO
Location:
Mumbai
Business Line / Function:
HFS
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
Position Purpose
Independent delivery of accurate and timely NAVs for hedge funds.
Responsibilities
Direct Responsibilities
Independent delivery of accurate and timely NAVs for hedge funds – with higher volume and complexity (having equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
Income reconciliation (dividends and interest)
Manual Pricing and Pricing review
P&L review and Tolerance checks
Fees accrual, management and performance fee calculation and booking
Capital bookings and reconciliation with Investor services system reports
TB tie out and compiling NAV pack
Contributing Responsibilities
Delivery on audit requests and resolution of all queries on a timely basis
Participation in system development projects, process change projects, etc.
Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings
Compliance with all internal organizational and business policies
Technical & Behavioral Competencies
Hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).
Good understanding and ability to apply basic accounting principles.
Should have working knowledge of asset classes like equities, bonds, futures, options and swaps.
Experience on Advent Geneva system would be preferred – an added advantage.
Decent experience on Microsoft Excel – Pivots, financial functions, etc.
Specific Qualifications (if required)
Graduation/Post Graduation
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Communication skills - oral & written
Adaptability
Ability to collaborate / Teamwork
Active listening
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to inspire others & generate people's commitment
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 1 year
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 1 year
Schedule
: Full-time
💡 Quick Summary
Seeking a career-building opportunity? The Associate Level 1 position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
